“We have calculated that the cost of GST is 3% of our sales price. Therefore we are reducing our sales prices at Hillcrest Heights by the same amount, that is, 3%,” said Hillcrest Gardens executive director Frank Goon.

Less than half of the land sold were intended for RUMAWIP. 

Pakatan Harapan’s tightened grip on property market could impede its recovery. 

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“We would like to speak to the new government as soon as possible so that we can go through the problems one by one.”

However, coordination will be challenging.

“The proposals from Pakatan Harapan are well thought out and if implemented right, can go far towards increasing the supply of affordable housing and reduce the threat of a homeless generation.”

The Chinese developer said it will also continue to implement localisation strategies such as the development and hiring of more Malaysians.